AP Source: DeMar DeRozan staying with Raptors

NEW YORK, NY - JUNE 27: DeMar DeRozan #9 of the 2016 USA Men's Senior National Basketball Team shakes hands with some fans during a press conference at Dunleavy Milbank Center on June 27, 2016 in New York City. (Photo by Nathaniel S. Butler/NBAE via Getty Images)

Nathaniel S. Butler/NBAE/Getty Images

A person with knowledge of the negotiations says All-Star shooting guard DeMar DeRozan is staying in Toronto after agreeing early Friday to the basic parameters of a deal.

DeRozan and the Raptors still were in the process of completing terms, though the sides agreed that he would be staying put, the person told The Associated Press on condition of anonymity because segments of the talks were ongoing. DeRozan can sign on or after July 7, when the league's offseason moratorium expires.

USA Today Sports first reported that DeRozan and the Raptors had reached a deal.

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DeRozan has spent all of his seven NBA seasons with the Raptors. He averaged a career-best 23.5 points this past season, when he helped Toronto reach the Eastern Conference finals.